janet: let' s get right to it. will the fight to close the borders to muslims, syrians, or iraqis going to define all other major issues, be it budget or otherwise for the foreseeable future? cong. keating: you have to be very careful. donald trump' s comments are offensive, illegal, and unenforceable. but do they have effect? they do. years ago after 9/11, i realized that the apprehension among -- muslim faith was very real. there was an incident when they tried to blow up a gas station. i spent that day praying in a mosque in quincy because it was important to do. i will never forget the apprehension that was there about retribution or somebody might attack them. it was very real. when you have a presidential candidate making those statements, that is very real. people deserve high security, peace of mind walking around. iti is used as a propaganda arm. isis is very sophisticated in propaganda. this was a dangerous and every this is not we are and it is hurting our efforts against isis. janet: they are adamant ab

janet: you forgot the booze. [laughter] janet: hard to mention politics without mentioning donald trump, has he changed politics forever? >> he certainly changed this election. he forced upon the republican party, the existential question that has been haunting them for a long time, how will they get new voters who are not traditional voters and he is excluding a lot of people. he has changed his elections and -- he has republican power and that tells you everything. donald trump has changed this election and republican politics for the rest of our lives. >> i will say this, it is not the first time marianne has ever said this is the end of the republican party. final -- donald trump is republican brand will wear for the -- for a long time. which ever nominee is going to have to fight helga clinton in the national election and be reminded again and again that they were the scarlet t -- that beware -- that they wear the scarlet t. >> he' s the nominee, and a sentence. -- end of the -- end of sentence. >> i think i

janet: will it be stronger? annissa: i hope so. ed: across america, communities are struggling with their relationship with police. transition period? annissa: we have done an incredible job in the city of boston, working to create bonds between police and communities. there is a lot of work to be done when it comes to continuing those relationships. janet: how comfortable are -- with officers of color? annissa: more comfortable. we have made great gains in the boston police department. they have been so open to the conversation of body cameras. ed: is that a good idea? annissa: i think the pilot is an incredible idea. let' it operates, how it affects the community. let' s talk about data, how we using the data. a pilot program tests that. janet: the pilot program, let' s just go with it. perhaps the pilot program is too little. t think so, how do we protect people j k civil rights and how do we use it. ed: video can be edited, altered in time. let' s tested out, let' s see how it works. annissa: in is probably on the lower end. i

janet: you' another dollar on the table? ed: mgm in springfield is shrinking its project and plainridge has seen a major dip in its revenues. won' t you have the same problem and what are prepared to do about it? in other words, is gambling as lucrative in this market? robert: we are a completely different business model than what mgm is proposing for springfield or what is being done in plainville. plainville is a smaller, slots only market. when you look at what we will do, we are a five-star resort, 630 hotel rooms, in a local market with over 4.6 million people in the greater boston area. we work heavily on promoting international tourism. we are in the middle of 4.6 billion people plus access to logan airport with over 50 day. a good piece of the business comes from international. the way. we are bullish on the market. ed: are you ready for the pop quiz? let' the role of gaming in presidential politics. question 1: two casinos in las vegas have hosted presidential primary debates this year. can you name both locations?

a lot of it depends on what janet yellen says. i'm going to tell you that she does start out with the word hello. not recall but it could be an adele song for all i know. but i'm just telling you i have it here. and some at the fed are going to be, like, you're not really going to read these embargo comments, are you? well, that depends if you give us janet yellen. in the meantime we are looking at a couple of things at why it's so important and why we are building a little bit of drama around it because it could represent the first time in almost a decade that interest rates will stat are the moving up and you know the drill here. one and rarely done. you follow a pattern either when you start raising them or start lowering them, we certainly know that when we started lowering them and now the bet is when they will start hiking them but there is that opposition camp that says, you know, they're lowering them in europe, we've got a tense global environment, we've got terror, paris a couple of weeks ago, is this the environment to

that' s where newscenter 5' s janet wu joins us live new at 6:00. janet? janet: im at norfolk superior court. this is potentially a precedent setting case. matt barrick says he will take this all the way to the state supreme court if he has to. >> is very emotional. janet: he became speechless for a few minutes, but he has been determined not to forget what happened in july 2013. he was hired to head food services at the catholic all girl school, but was called >> they said, you put down your husband is your emergency contract. -- emergency contact. i said, that is what he is. they said, oh, no. that is contrary to catholic teachings. janet: there are exceptions to >> employers in the commonwealth employment. janet: their attorneys says that is only permitted if the employer only hires and serves people of the same religion. >> this academy prides itself on its diversity. it has students of many faiths. it has employees of many faiths. janet: -- >> how will you be able to credibly communicate with your children, your students about the catholic faith? so,

janet: since 2007, trains of only had one operator on board. how long was it speeding along before the control center new? >> we knew within 60 seconds, give or take 10 seconds, the train had exited braintree station without the motor person. janet: officials said that it should not have been traveling greater than 25 miles per hour in bypass mode. they do not know yet if it was. >> we filled the passengers, whether or not procedures were followed or not, something happened that put our passengers in danger. >> i am personally and professionally very gratified but what happened today is unacceptable. janet: now three state agencies are investigating along with one federal agents to and the ntsb is making a decision whether it will join them. janet wu, wcvb newscenter 5. heather: five investigates was first with the story. kathy curran was looking into this. kathy: they have felt in systems that are supposed to keep the train from moving without an operator. around that. >> there are a lot of rules, there are a lot of policies, there are a lot o

you have read the headlines from janet yellen speech. is indicated that she is increasingly confident the economy is going to achieve labor market improvement. she is definitely laying the groundwork for liftoff come december. is there anything she might say today that might surprise investors and you? kate: i think the only thing that she could say that would be a surprise would be some indication of how quickly or how sharply she expects rates to rise after the first one in december. i think the focus now will shift not so much to the rate hike in december, but to what happens after that. always been cautious and slow, and she said anything different than that, .hat would be a surprise overall, we have seen not just from what you read earlier but other fed members that there is more of a court needed notion that we need to prepare the markets for that first rate hike in december. alix: we are waiting for janet yellen to take the podium in washington to deliver her speech. we can see the live shot there. we will bring you her remarks as

janet wu, wcvb newscenter 5. heather: republican front-runner donald trump also talked about he called it terrorism and criticize president obama. mr. trump: we had another event that probably was related -- the one yesterday -- it always happens. probably was. when i heard about it, i figured maybe not, but it turns out probably was related. radical islamic terrorism, and i' ll tell you what. we have a president that refuses to use the term. he refuses to say it. there' s something going on with him that we don' t know about. senator marco rubio also talked at that event today, calling the facts "concerning." senator rubio: our thoughts, our prayers are with those impacted by the attacks. we do not know all of the facts yet, but we certainly have learned some facts that are concerning and we honor mines in the aftermath of what we see happening in the world and we begin with that acknowledgment and the understanding we live in one i grew up in, the world you grew up in, the world we had not long ago. heather: se

thanks, tanja and janet.ing. great to have you with us. happy holidays, everyone. may all your holidays be as bright as the lights on the magnificent mile. happy holidays. good-bye, everyone. good-bye, happy holidays! [upbeat instrumental music] ♪ [upbeat instrumental music] ♪ how else do you think he gets around so fast? take the reins this holiday and get the mercedes-benz you've always wanted during the winter event. hurry, offers end january 4th! not aware of the options available to patients with bone cancer. patients with bone cancer deserve a specialist too. "the advantages of being treated at cancer treatment centers of america is that we have all the specialists under one roof to take care of every aspect of that patients cancer care. we want our patients to survive their cancer but we also want them to maintain independence and quality of life is so important. ♪ come on, everybody ♪ come on, sing ♪ joy to the world ♪ joy to the world ♪ joy to the world ♪ joy to the world ♪ joy to the world (vocalizi

julie: a janet yellen waiting game. she is scheduled to speak at the economic club of washington so it looks like markets are waiting for her comments to perhaps get more direction. we have had some commentary from other officials over the past 24 hours. ar. heard from leo brain we heard from dennis lockhart, he says he does favor raising interest rates is month. in addition to hearing from those officials, we also heard from adp. it's payrolls report saying the u.s. economy added 217 -- 217,000 private jobs. this was precursor of the jobs report on friday. thoughts for investors to consider. p -- wirp. at w.a.r. the likelihood the futures market is pricing in another increase. we have seen an increase in the probability. it stands at about 74%. that is something to consider as we going to these remarks from janet yellen. that's take a look at the treasury market ahead of her comments. we are seeing an increase in yields. 2.18% help in part by jobs figures. a bump in the u.s. dollar versus the euro. the ecb, we will hea

we are awaiting janet yellen's speech, and awaiting the ecb tomorrow. the macro highlight of the day was the euro area's latest inflation report. consumer prices just rose 0.1%. economists expected 0.2%. that is reinforcing that the ecb has to do something tomorrow to accelerate inflation. don't forget, inflation has been way below the ecb's goal of 2% over a two-year horizon for the better part of three years. betty: ok. so staying on what is going on right now, mark, the worst-performing european stock today was steelmaker arcelormittal. what prompted this 12-year low? mark: check that out, betty, down 9%. a big iron ore producer today said steel prices are heading lower next year. citigroup says arcelormittal's earnings have further to fall next year. they cut their recommendation to neutral from buy, and said they jumped the gun in upgrading shares in october. they are facing a double storm. china is flooding the market with cheap exports, particularly in europe and the u.s., arcelormittal's big markets. the other side, iron ore prices have sunk to

that was pretty much in janet yellen's comments today.ything, this gives us a good pop to get in now. abigail: the s&p 500 slice to write through its first 200 a moving average for the second time in three weeks. what do you make of that? >> what i look at is a direction of the paper today, direction of the put call ratio. it is barely up to 20. it backed off a little bit. i would expect the volatility to be much higher given the news we have seen today. again, i think this is a beleaguered place for those investors waiting for this pullback to get there -- the technicals are there and very important. the last couple times we have gone through, we have snapped right back. abigail: thank you. moving to your trade, ultra asthmatics -- cosmetics. >> revenue year over year expected still in double-digit growth. everybody is piling on this easy trade. not that i think the stock is not going to go up but i want to sell a put spread because if the stock happens to drop i'm ok with that because i would want to buy the sure is below 158 anyway. th

we know what happened in the spring and janet yellen spoke.n she speaks later when she sits there and delivers that speech, do you anticipate a ?lavor of what is to come ramin: the reaction will be very interesting. it will be a little rehearsed with what happens with the fed hike. and it just to see the euro-dollar reaction in the equity market reaction. jonathan: ramin nakisa, we have done bonds and stocks. now we are going to do commodities. iran's having sections lifted. programcountries include a military dimension? we will debate, that is next. ♪ jonathan: good morning. i am jonathan ferro joining you from the city of london. the ftse 100 in the green. iran and focus, voice to take a big step focus. poised to take a big step today. iran nuclear program included a military dimension. bloombergs middle east editor elliott goeken joins us now. iaea, whatwith the the anticipate that's what do you anticipate? -- what do you anticipate? elliott co. that is absolutely right. allowing them to enter facilities pretty much unfettered in iran. that

janet: 32% of tea workers use the family and medical leave act. is it hard to make the case for fare hikes unless you get this under control? with the deficit, everything is on the table. we have not balanced our budget and years. we want to end that. janet: they require more cash. that means that collecting more ad revenues will not do it. is a fare hike looking likely? >> the predictable part is out of the window and i think the modest part is out the window as well by increasing timber sent. janet: there is a debate whether the law even allows for a 10% hike. it could end up in court. the board will talk about this then -- the board will talk about this in january. ed: the spirit heather: of christmas being stolen. heather:acreage caught on camera that some, right question like that was a full water bottle being thrown at a moving car. it has happened several times now in londonderry new hampshire. as you can see one victim caught , the act on his dash cam. in some cases police say cars were damaged. police ask anyone with information to give t

yellen,that for janet can she look at one america or is in a quality so large now that janet yellen iswo americas in our analysis? -- in her analysis? >> inequality is a growing problem in america. i don't think much of what janet is thinking about at the moment as she looks at the rate increase -- i want to congratulate you guys. you have managed to arouse an awful lot of suspense about a move that i think is pretty much a foregone conclusion and better telegraphed that almost any move the fed has made. tom: i'm going to start crying . this is fantastic at you have done this. we try to make it as suspenseful as we can. what will you listen for in the press conference of today does not matter? not say today does not matter. i think they will raise today and i think it's the right thing to do. it would not have mattered a lot if they had done it at the last meeting or they do it at the next meeting. to gok it's important ahead and raise and they have telegraphed pretty clearly that they are going to do it today. i think their motivation is mainly to get back into a more normal range. th

futures point higher as janet yellen is ready to speak in washington. dell is selling assets and the facebook ceo mark zuckerberg pledges to donate 99% of his company's stock while announcing the birth, congratulations, of his first child. >> speaking in an exclusive interview with cnbct spanish economy minister says he has faith in the central bank. let's get back out to julia in madrid. >> thank you so much. you're absolutely right. he has faith in the central bank but what i asked him was ultimately is he concerned that there's too much expectation baked into the cake here for mario draghi? listen to what he had to say. >> i think that it's a position that has to be taken by the ecb but i think that, you know, they have been -- they have increased with respect to t you know, to the targets. and to their willingness and and for sure, monetary policy because i think they are doing a very good job and they know perfectly what kind of instruments they have to use. >> do you worry that expectations are too high though? even now? if we look at equity marke

for janet towey, who lives across the street -- janet: i don't even want to live here. you know, it's too scary. kim: this story is becoming all too common. janet: i heard a big, loud crash, and that was it. kim: in may, a car came flying off the interstate into her backyard. janet: it knocked out fence out. it hit our tree, flipped around the backyard. i mean, if it had been daytime, my grandkids could have been dead. branches, a reminder of that terrifying moment. janet: they have not been back there since then. i don't even let them go back there. kim: towey wants the dot to build a wall or a higher fence between her home and the interstate. janet: if they don't want to put walls up, then buy us out. you know, send us somewhere else to live, because this is not safe. kim: dot officials say they're not aware of a request to put in a higher fence or a wall there. and the big concrete barriers along the interstate are more for noise control and less about safety. stacey? stacey: kim, thanks. commitment 2016, democratic front runner hillary clinton is at iowa central com

janet hablÓ con una familia que se ha beneficiado con esta terapia.que ayuda a regular el sistema nervioso para mejorar la conducta del paciente. >> me di cuenta que iba regulando sus estados emocionales, se enfocaba un poco mejor en lo que hacÍa. se concentraba. janet: despuÉs que sus hijas fueron diagnosticadas esta familia vino a esta destituciÓn que tiene mÁs de 15 aÑos en esto y esto son los resultados. >> se le explica al paciente que va a estar en una pantalla se le colocan unos sensores que son las ondas cerebrales si la persona no estÁ bien enfocada otra es su nivel de ansiedad alto o tiene problemas de regularse la pantalla se hace pequeÑa. janet: este tratamiento no sÓlo es para niÑos sino para personas que sufren con depresiÓn ansiedad o cualquier problema de enfoque entre otros. >> las familias se quedan sorprendidas de lo que los niÑos y los adultos han logrado hacer gracias a que reciben el tratamiento. janet: aunque es una alternativa para algunas condiciones no es una cura pero sin embargo puede ser una soluciÓn que lo largo de varias

is the wage growth out there to give janet yellen actual progress? tom: i think it is interesting that -- it was the very last question asked, and she sort of conceded the point that wage growth could be on the rise. that is certainly part of the narrative she was trying to weave. keep in mind, if you look at inflation, to me this is one of the key is to points within the summary of economic production, and feel at the inflation forecast, they took down their inflation estimates. yet even with that, even with the admission that inflation, kids -- because it could be a touch lighter than they think, this is not close to the estimate. so they will continue to have hikes next year. i think that is all part of the bigger point that if you look at the long run estimate of the unemployment rate, they do not touch it. and there estimates for 2016, 4 .7%. if you're reading between the lines, that means they are probably buying into the notion that you could see wage fracturing. buying income obviously bill gross is not buying them. wrom morgan stanley, d yen

fed chief janet yellen indicates further rate hikes are ahead. german chancellor angela merkel says germany has a special responsibility to protect the achievements of european integration. she has been talking about migration and head of hers day's european summit. as you watch our next report, imagine a young man in the prime of his life languishing in a prison cell, his health failing and his dismal routine and she agonizing beatings. his crime involves a bold act of courage -- during to speak out for religious tolerance and freedom of speech in the oil-rich and archconservative kingdom of saudi arabia. incarcerated for that courage, he has been awarded a prize for freedom of thought. >> as she accepted the prize on behalf of her husband, she told the european parliament that freedom, like air, is essential to human existence. >> he is a man of these. he did not want to be part of the heard that blindly follows religious scholars that do not live in the present. reporter: in 2012, a saudi court sentenced him to 20 years in prison and a thousan

could janet yellen have backed off again? not really. you are saying the markets do like this. they like the clarity. stephanie: yes, it is a good thing. it is like you are set up to fail. you are obligated to give every last detail and information, you leave yourself no wiggle room. john: does any republican or democrat have a reason to attack janet yellen? stephanie: janet yellen nailed it. they have enough time to attack one another right now. john: bipartisan happiness. stephanie: no such thing as that. john: we will roll that videotape from yesterday's debate. ♪ consistent --ty broad consensus that be debate did not change some rank order. we will start with a man who hearly ate some nails before had breakfast. bush.ould be john ellis jeb bush: he is a chaos candidate. he would be a chaos president. dealing with the islamic terrorism. this is a tough business. donald trump: you are a tough guy, jeb. mark: you suggested this was his last gasp. trump seems to agree with you. what did you think that no one else on the stage even tried

janet: and you got a big tax janet: and you got a big tax hike to help you with that as well. patrick: we got a big tax hike at the end which took effect in the last few months. janet: patrick said he misses political life but only a little. there's very loud mutterings about hillary clinton possibly putting you on the short list for v.p. if she gets the nomination. any interest if that opportunity ever came up? patrick: no. janet: but would the former governor say no if asked to be on the short list. he doesn't answer that definitively saying right now his only priority is building his new business at bain. janet wu, wcvb, newscenter 5. antoinette: no-- unless. doug: and the body language going on there. antoinette: okay. we'll update all your top stories next. doug: including a wild christmas day scene in an everett including gunshots, tear gas, and flames. how it all ended when we come praised as one of america's best mayors who governed as a pragmatist. bernie sanders passed more amendments in a republican congress than any other member. cracked the gridlock with john mcca

janet wu, wcvb newscenter 5. jc: 5 investigates kathy curran was the first one with information on this story today. she joins us now with a deeper look at the driver' s background, kathy? kathy: sources say that operator is david vasquez. he is on leave, not charged with any crime, and recovering from minor injuries. investigation after traveling without an operator, but filled with passengers from braintree to north quincy this morning. investigators tell five investigates the man operating the train was 52-year-old david vasquez. his job with the t, never linkedin page. customer oriented and detailed on his customer profile and says he is an engineering team involved with acoustic research. he also said that he built a power break module. officials say it was likely operator error. the governor initially saying there was evidence of tampering with the train controls. t officials tell us there are system in place -- systems in place to prevent the red line train from going too fast even the trains can only go 2

janet: none? patrick: no. janet: but would the former governor say no if asked to be on the short list. definitively saying right now his only priority is building his new business at bain. janet wu, wcvb, newscenter 5. antoinette: and there was a long pause before the answer to that question. doug: the smile came up a little bit. your top stories next. doug: including a wild christmas day scene in an everett including gunshots, tear gas, and flames. doug: a check of the stories we're tracking right now. a milford couple is dead, found two other people who live in the poisoning. that home has now been investigators do not suspect foul play. antoinette: an everett man is in custody after a wild standoff that had an entire neighborhood on edge. newscenter 5 cameras were there when 53-year-old mark lavoine emerged from his summer street home after five long hours of coaxing by police. but shortly after police wrestled him to the ground, his it's not clear what caused the fire. no one was hurt. they'r

janet yellen is overly concerned about inflation. that is just -- not the issue. >> it is about looking through the windscreen or looking in the rearview mirror. i know when you look at the inflation prints it looks like it is not an issue. we see headlines, we all know because of base fx that that headline rate will move up substantially. we know the core inflation is rising. in the u.s. it is at target. if you might want to be the opposite of bill gross, what are they doing with interest rates at just a quarter to a half a percent? they should be moving quicker. he is on one side of the argument and there is a spectrum. you would expect that. the fed's job is to go down the middle, and it seems to me that most markets with the exception of the treasury market, she is going more at the right speed. >> we got some more clarity but as we look ahead to 2016, there is still uncertainty as to when they are going to hike again and the asian markets, and implications there. >> and the greek mythology, a tragedy is a hero who destroys himse

break,: before we go to we will hear from janet yellen at today's news conference.ssed the news that they blocked clients from pulling their money from the fund. >> after you focus credit funds with rather unusual open-ended funds, it had very concentrated positions, especially in risking and liquid facingand it had been very significant redemption pressures. ♪ scarlet: welcome back to "what did you miss?" tomorrow we will look ahead to what investors need to monitor coming into this historic rate increase. 6:45 a.m., the fixing of the overnight life world rate. that theysting is began rising last night in anticipation of the tightening. joe: then of course at 8:00, we have the reverse repo rates updates. this is such a key tool for the fed to start soaping up the a liquidity. we will start to see how they will make the mechanism work. scarlet: 9:30, rates on commercial paper. fedkey here is that the doesn't just raise rates at banks but across the financial system. joe: then we will have the results of that reverse operation at 1:15 p.m. eastern time. we will get a

she is definitely thoroughly modern millie, or thoroughly modern janet.he reflects a fed model that emphasizes transitory as opposed to structural factors, and continues to suggest short legs in monetary policy. i think the fed basically is living in an old age as opposed to a new age, reflective of high leverage, globalization, factors in terms of demographics that are pushing down inflation. she refuses to acknowledge it. >> bill, i want michael mckee to jump in with his sophistication, on what happened. but i have got to ask you that key question. which way will the spread differential play out? is full faith and credit going to make higher yields or do we see real carnage in the high-yield market? bill: i think we have reached a point of stasis in the high-yield market. for the most part it is a function of retail, and retail confidence. and certainly it has been shaken over the past few days and months as high-yield prices have gone down by 5%, 10%, 15%. that is not a confidence-inducing type of and i think at the moment with high yields where they a

address for the international audience how janet wallin -- janet yellen can avoid the challenges marioed has dropped off their qe almost 12 months ago. draghi continues. jackie's ellis --mario draghi's policy statement yesterday was interesting because he gave the market most of what they wanted. he is still in "whatever it takes" mode. he did give them quantitative easing for six more months and included additional assets. it seemed like a stimulative forward statement. the since the had amount was not increased -- sense the amount was not increased. perhaps the e.c.b. is the last bastion of easy monetary policy and add its limits. tom: this is an important question. bill gross, how many billions to julie's yesterday? bill gross: oh, no. made money yesterday. had lots of calls, sold lots of germann five and 10 year bunds. made a lot of money. making a lot of money today on the streets. i think the u.s. is in a better position in terms of their yields relative to germany and the e.u. if $60h to be fair, billion a month has been extended by six months with 18 months to go, that is one t

stephanie: janet yellen nailed it today.ailed it because the last thing we need is more uncertainty and volatility. the street liked it. it was steady as she goes. why do we like that? the election is coming. 1.375% is where it should be by the end of 2016. the number is still very low. john: yeah. stephanie: what does this mean for the general economy? the number is still very low. it is about confidence. we finally have a sign that things are getting better. we saw the jobs number improve. as the slack gets absorbed, we can get some wage growth. think about middle america, all of those people getting behind cannelton's -- behind candidates like donald trump because they are frustrated. they might have a chance where they can start a business, get a job. john: the reason this happens is because the fed decides the economy is growing strongly and maybe there is some risk of inflation. stephanie: some inflation is good. john: for most people, the interest rate is a fact of life, but also a psychological thing. people have got

janet yellen, an important speech at 12:30.oomberg markets." ♪ ,rancine: i am francine lacqua in london with tom keene. a rare occurrence. not only is tom keene in london, but the sun is out. it is a trio of prayer and good events. tom: that is lovely. it has been very gray, hasn't it? francine: it has, but it hasn't rained. tom: from boston, massachusetts and london, with the esteemed eaton vance, eddie perkins. providing leadership in equities and value. after a four year bull market. edward: i think it is outside the u.s. i say that as a u.s. value investor. marketsomy and emerging offer a good value, but there is no near-term battles without the u.s. dollar weakening that i was talking about earlier. gdp, all boatsl rise when a nominal gdp -- bring up the chart. the basic idea is that we had an r.o.k. nominal gdp that has gone soggy. what is that do with the top line of blue-chip stocks? edward: the top line revenue of multinational companies draw from the economy. when a nominal gdp goes soft, it hurts the top line and cor

we've got ecb, janet yellen speaking once again.om:will ecb unveil echo the announcement out of the press conference. all of surveillances morning, on television and radio. lift into difficult news, starting with news in new york city. >> good morning tom and caroline. the two suspects in california have been killed in a shootout with police. this happened several hours after 14 people were killed at a center for the disabled. the police chief spoke late last night. >> we put out we have information there were three shooters. right now as we continue to drill down information and the witness statements, it looks like we have two shooters. we are pretty comfortable that the two shooters that we believe went into the building are the two -- farouk -- art site our site need farouk -- syed farouk and his wife. british warplanes have carried out their first strike on islamic state in syria. not long after parliament approved the action. the defense ministry says it would release details later. arrest in theof worldwide soccer corruption

it is somewhat important for fed chairman, janet yellen. euro appreciated the dollar getting too strong and continued to hurt the euro. there was a pretty big disappointment. haven't had a chance to look at the details. exports coming in lower looking at the employment here. employment coming in a bit lower as well. carl? >> really quickly, steve, do you agree with the notion that draghi has, like an offensive lineman opened a hole for yellen to run through? >> i think that is right. it helps out yellen, the idea of what has happened to the you're yo. you could imagine we could have very quickly gone to parody depending on how the market is positioned here if the fed had hiked and draghi had delivered everything. you wonder if the extent to which draghi was factoring in an almost certain fed hike may have played a role in doing less. certainly, there will be a lot of talk about a communications failure on the part of the ecb, which is notable. draghi had done quite a good job the last several times of overfulfilling his promises to the mark

janet sometimes speaks for herself rather than the committee.ou can't exactly prejudge what the committee will do, because the plan isn't much of a plan to crisis, thishis historic unbelievable levels of monetary stimulus. thingse trying to say if work out in the way we would like, then we will move in this way. the problem is the data does not move that way, and the committee does not necessarily go in the way that you think. both of them have issues. is rather more of a consensus in the ecb. it is starting to look like there won't be that many dissenters to that decision. communicating what a group of people are going to do is pretty hard. blanchford, professor at dartmouth college. well president obama take up gun policy? what impact will the banks crisis have throughout brazil and beyond? fed chair janet yellen was not the only way one -- only one making headlines on the hill today. ♪ david: let's head back to our markets desk with julie hyman. julie: even though we are now seeing more of a downturn, i want to look at the more positive mover

. >> cheryl: investors will pay close attention to janet yellen today. her assessment comes about two weeks before the feds final policy meeting of that year, of this year, excuse me. first hike in interest rates in nearly 10 years. one fed official says he's a bit nervous of raising rates later this month but evans says it's more critical to focus to raise rates at a pace. november estimate is 190,000 jobs. that will be up from the 182,000 added in october. also, we will get the big monthly reports this friday. economists are looking payroll by 200,000 and unemployment to hold steady. >> nicole: bigger the number, the better it is for jobs. sources say the company's board will weigh a sale of core internet business this week. board to proceed yahoo investment in alibaba. 7% after hours on that news. you can see it on the spike. ceo faces more pressure over the company's performance. efforts to turn around yahoo now in their fourth year have been challenged by low morale with at least a dozen top executives leaving the company. >> cheryl: zuckerberg anno

oil was already trading lower before janet yellen began speaking.inued, we saw it make the lows of the day. we have seen some degree of dollar strength today. now down 4%, a touch below before rebounding a little bit. today, we got the weekly inventories data out on the u.s.. analysts were looking for a drawdown on the inventory. what you are looking at on my bloomberg terminal, i seasonally where we see oil. it only goes back 30 years. here is all of the 30 years and where oil has been trading over the course of the year. it gives you an idea of what an outlier this year is in terms of the amount of supply out there. highest level of oil inventories this year for this time of year since 1930. it is sort of an extraordinary level of supply. take a look at oil for the year to date as well. below $40 per barrel, we saw a trade around that level in mid-november but have not in oil do this poorly since the big drop we saw not just in stock market but in the oil market in august going into september. an extraordinary move affecting big oil companies, as

joe: janet yellen discuss of the carnage in her press conference. ceo, ousted from cheniere energy.e will get his take on the energy market. talk about the u.s. stark market giving back yesterday's rally. jerkeemed like a knee reaction from what we saw. the commodities selloff and the prospects for global growth taking center stage. the strong dollar putting pressure on commodities. i don't think anyone really knows why markets fell today, and i think this speaks to some good advice come no reason to aggressively interpret the fed great decision right away. we will be debating this narrative for a while. like gold, oil, copper across the board down. index takingrgy 16%, the etf that tracks the stocks. the commodity route is adding pressure to the market. -- commodity route is adding pressure to the market. part of the reason why commodities got it was because of the dollar trade. look at the strength in the dollar, a 11 year high versus the canadian dollar, almost 2% off the south african currency. joe, you can speak to that in terms of a fed great hike. the market said, ok, we can

janet: chief justice gants' visit was quick, quiet, and affirming. >> i know this is a difficult time for persons who practice the islamic faith in this country and i am here to assure janet: the response was thunderous, filled with gratitude. >> if we remember who we are and where we came from, the vast majority of americans will stand arm in arm with muslim americans and together, we will get past his troubling times. >> why? >> it was a kind and generous thing to do to reach out to the community. there' s a lot of fear and concern. >> for him to speak as a the history of discrimination and just a how he stood with us -- i thought that was deeply affirming. janet: gants said he was grateful for the outpouring of questions, saying he did not appearance. turn off the noise, turn off these , and just be re-committed. 5. erika: fighting to keep a moment in mystery alive. >> most of them are gone. most of the children are gone. are gone. phil: a boston neighborhood and seeking. plus -- >> we do not have time to grieve or think about the future or in today. erika: it' s a little boy fight

janet yellen is overly concerned about inflation.is just not an issue. >> it's about looking through the windscreen or looking in the rearview mirror. i know you look at the inflation print it looks like inflation is not an issue. we all know that. we said by sprinting zero. we all know because of basis that the headlight rate is going to move a very substantially. we know the core inflation is rising. core inflation in the u.s. is at target. you might -- what are they doing with interest rates? with inflation already at target. they should move quicker. he is that one side of the argument. there is a spectrum. you would expect that. the fed's job is to go down the middle. it seems to me that most of the markets with the exception of the treasury think that she is going at more or less the right speed. that was the reaction overnight. >> we got smart clarity, but as we look ahead to 2016, and certainty -- uncertainty when it comes to when they will hike again. >> in the great mythology, a tragedy is a hero who destroys himself. i thi

janet: hay muchas otras que lo dejan para Último minuto.ienen que traer antes del 18. esta temporada estamos bien ocupados, el trÁfico es el doble de lo que es usualmente. janet: si usted envÍa sus regalos tiene que hacerlo antes del 18. a travÉs de la oficina de correos la fecha lÍmite es el 15 de diciembre. ojo porque la fecha cambia si planea mandar paquetes fuera del paÍs. >> para mandar internacional le sugiero que mande lo mÁs pronto posible. tal vez los paquetes pueden quedar en la aduana y no lo va a recibir hasta despuÉs de navidad. chanel: otra recomendaciÓn es dejar que estas compaÑÍas envuelvan sus regalos para asegurar que nada se daÑa mientras son transportados. eso es todo de mi parte. janet. ramÓn: precisamente en esta Época miles de personas trabajan en empleos temporales. muchas de ellas no saben que tienen los mismos derechos que un trabajador de tiempo completo y muchos empleadores se aprovechan de esta situaciÓn. la vida tiene los detalles. claudia: escoger el regalo perfecto para un amigo o ser queridos estÁ en la ment

. >> you are listening to janet yellen. earlier today, mario draghi .ecided to cut the deposit rate joining me now is michael mckee. michael: she made the same point she made yesterday, the economy you wouldo the point want to raise rates. unemployment is close to its neutral rate. she made the same point to congress that she made to investors yesterday. the sed cannot -- the fed cannot afford to wait longer. here's what she had to say. betty: we do not have that available. michael: if they wait too long, they will have to raise rates faster and perhaps farther. away that a lot of people looked at yesterday, why they believe the fed is going to go into summer now is because she is signaling they do not want to wait longer. she did hint that the fed might be behind the curve. michael: it is much easier. they know what to do to respond to inflation breaking out. they would like to get started because they want to have ability to respond without additionalesort to qe, which they feel has lost its ability to stimulate. the othe

federal reserve chair janet yellen making her clearest signal yet that a rise in rates may be just two weeks away. all that and more tonight on "nightly business report" for wednesday, december 2nd. good evening, everyone. i'm tyler mathisen. sue herera is on assignment tonight. >>> well, the day began routinely enough, some economic news, a speech by federal reserve chair janet yellen and the release of the so-called beige book. that's the fed's periodic report on regional economic conditions. markets rocked and rolled mostly lower with oil tipping below $40 for the first time since summer, but then at midday came news of yet another mass shooting in america. this one occurred at a center for people with disabilities in san bernardino, california. as of this evening, authorities say at least 14 are dead. an equal number are wounded. police are searching for up to three suspects who apparently fled the scene and whose motives are unknown. investors already on edge after the paris attacks sold stocks into the close. on the day, the dow jones industrial average fell 158 points to 17,729.

if you listen to what janet yellen said, it's going to be conditional.a through the fed meeting before they make the decision. i said this over and over again, i think the fed pace of increases is going to be measured, moderate pragmatic. maria: next year-- >> the fed paces themselves at a more measured tone. dagen: it seems like people are missing something underneath this. we talk about the fed's raising rates for the first time in nearly ten years, but how do they actually get rates up? they have to use unprecedented, untested measures to do that and nobody knows, nobody, not even the people at the fed, knows what the impact will be on financial markets because we are entering unknown territory. maria: especially with a $4 1/2 trillion balance sheet. >> they're not touching, right? >> this is why the fed is doing this in a pragmatic manner, why they'll raise and pause, see what the implications are for the financial systems and real economy and why this is going to be, as i said before, the fed is going to act very deliberately. the last thing you wan

reporter: did you kill janet downing? >> absolutely not. reporter: eddie o'brien was just 15 years old when he was charged with killing his best friend's mother. >> is the defendant guilty or not guilty? >> not guilty. >> convicted and sentenced to life in prison without parole, o'brien has always maintained his insurance but hasn't spoken publicly in more than 20 years. so you're adamant you didn't kill janet? >> very adamant. if you really look at the evidence, you'll see the truth is i didn't do anything. reporter: that's all lawyers will let him say with the case, refusing to talk about thest or the woman he was convicted of killing. janet downing was murdered in side her home in the summer of 1995. the single mom stabbed more than 90 times. her teenage son who was o'brien's friend found her body. o'brien a former alter boy lived across the street from the downings. he became a suspect after police doubted his story that he had been mugged the same night as the murder. >> eddie o'brien. reporter: in court o'brien said he had cuts on his

antoinette: he also told newscenter 5's janet wu whether he'd consider being vice janet: it's been almost a year since he walked down these stairs. deval patrick: i have more i now have to go through security at the airports. there's some downsides. (laughs) janet: patrick is now raising money for a new investment fund at bain capitol to grow businesses with financial and he was surprised when asked if he feels any responsibilities the mbta since his departure. his predecessor has never mentioned patrick's name, but the implications are unquestionable. it's probably time for the governor to take responsibility well. janet: do you feel any guilt that you should have left the agencies in better shape than you did? patrick: i feel that after stewarding the commonwealth through the worse recession in living memory to a 25-year high in employment that we did a lot to make the commonwealth stronger. janet: patrick said he was dismayed when the "t" system failed last winter but not it's an old system in need of investments and you know, we knew that. and you know, we tried to make new investment

federal reserve, the chair woman janet yellen. let's listen in. >> the central open market committee decided to raise the target range. this action marks the end of a seven-year period in which the interest rate was held near zero to support the recovery of the economy from the first recession since the great depression. it recognizes the considerable progress that has

manus: that was fed chair janet yellen speaking in washington.er comments come as the latest sign that the committee are ready to raise interest rates for the first time since 2006. still with us is george and bloomberg's chief international economics correspondent, simon kennedy. are we there yet, george? george: i think we are. time, wasor the first quite clear, i thought, so i think we should expect that they will tighten. manus: dovish forward guidance compounded yesterday, which was the rate rise pace will be down to actual progress on inflation. simon: you are going to see more and that if and when they do hike this month. it is not the hike, but the pace of future hikes next year. quite a disparity in the market and economists about how aggressive the fed will the next year. forecasters say one more hike, but not until june. manus: what does that say to you about the u.s. economy? -- what, 1.5% by that end of next year? george: i think this idea that the federal reserve is setting out to raise interest rates once or twice and then they are

well, let's head down to the street and janet davies. hi, janet. - hi, alan.e theatre december 2nd through january 17th. plus the first national tour of "beautiful the carole king musical" will play the oriental theatre december 1st through february 21st. and now, here are two holiday greetings from the casts of these wonderful productions. - [speaking swahili] do you understand? well, i'll just say it. from all of us with "the lion king," we wish you a joyous holiday season. hakuna matata. - i am so happy to be back home in chicago for the holidays. the first national tour of "beautiful the carole king musical" sends you all the love in our hearts at this joyous time. may you have a smile on your face as bright as the lights on the magnificent mile. all: have a beautiful holiday season. see you soon in chicago. announcer: when we come back, the u.s.o. show troupe, and max presented by radio disney. plus, a finale with "the girl and the dreamcatcher," featuring dove cameron and ryan mccartan, and fireworks. walking among beautiful gardens and landmark architec